{"id":163,"date":"2008-07-29T10:52:30","date_gmt":"2008-07-29T10:52:30","guid":{"rendered":"http:\/\/www.whistleblowerlawyerblog.com\/2008\/07\/offshore_tax_evasion_and_cayma_1.html"},"modified":"2021-06-11T17:50:50","modified_gmt":"2021-06-11T21:50:50","slug":"offshore_tax_evasion_and_cayma_1","status":"publish","type":"post","link":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/offshore_tax_evasion_and_cayma_1\/","title":{"rendered":"Offshore Tax Evasion and Cayman Islands Hearing Prompts Grassley’s Call to Follow IRS Whistleblower Program with Additional IRS Tools"},"content":{"rendered":"

At the Senate Finance Committee’s hearing on the Cayman Islands and offshore tax evasion last week, Senator Charles Grassley reiterated the importance of the new IRS Whistleblower program<\/a> to combat tax evasion, but also stressed the need for Congress to provide the IRS greater tools to address offshore tax evasion.<\/p>\n

The July 24 hearing focused on GAO’s investigation into the Ugland House, a law firm’s office building in the Cayman Islands that is the registered address of thousands of corporations. The hearing also examined “U.S. income tax evasion by taxpayers who hide their assets and income in foreign bank accounts and foreign entities.”<\/p>\n

Sen. Grassley discussed the importance of the IRS Whistleblower program, as he observed that he had “pushed to get legislation passed that would increase rewards for individuals who blew the whistle on tax cheats and created an office at the IRS to coordinate whistleblower claims. These improvements were based on my experience with the False Claims Act that rewards whistleblowers who help the government find fraud in government contracting. This allows the IRS to take better advantage of whistleblower information that is often detailed, inside information. This is information that the IRS may not have otherwise received.” <\/p>\n

Continue reading \u2192<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

At the Senate Finance Committee’s hearing on the Cayman Islands and offshore tax evasion last week, Senator Charles Grassley reiterated the importance of the new IRS Whistleblower program to combat tax evasion, but also stressed the need for Congress to provide the IRS greater tools to address offshore tax evasion. The July 24 hearing focused […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[],"class_list":["post-163","post","type-post","status-publish","format-standard","hentry","category-irs-whistleblower-program-for-tax-whistleblowers","category-recent-developments"],"yoast_head":"\nOffshore Tax Evasion and Cayman Islands Hearing Prompts Grassley's Call to Follow IRS Whistleblower Program with Additional IRS Tools — Whistleblower Lawyer Blog — July 29, 2008<\/title>\n<meta name=\"description\" content=\"At the Senate Finance Committee's hearing on the Cayman Islands and offshore tax evasion last week, Senator Charles Grassley reiterated the importance of — July 29, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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